14,100 Shares in Surgery Partners, Inc. (NASDAQ:SGRY) Bought by Harvest Management LLC

Harvest Management LLC bought a new position in Surgery Partners, Inc. (NASDAQ:SGRY) in the third quarter, HoldingsChannel reports. The institutional investor bought 14,100 shares of the company’s stock, valued at approximately $455,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SGRY. KBC Group NV raised its position in shares of Surgery Partners by 31.8% during the third quarter. KBC Group NV now owns 2,385 shares of the company’s stock valued at $77,000 after buying an additional 576 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Surgery Partners by 102.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,723 shares of the company’s stock worth $80,000 after buying an additional 1,375 shares in the last quarter. Quarry LP lifted its position in Surgery Partners by 133.1% during the second quarter. Quarry LP now owns 3,082 shares of the company’s stock valued at $73,000 after acquiring an additional 1,760 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Surgery Partners by 747.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,831 shares of the company’s stock worth $124,000 after purchasing an additional 3,379 shares in the last quarter. Finally, Creative Planning purchased a new stake in Surgery Partners in the third quarter valued at approximately $258,000.

Analyst Ratings Changes

Several research analysts recently weighed in on SGRY shares. Benchmark restated a “buy” rating and set a $50.00 price target on shares of Surgery Partners in a research report on Monday, August 26th. Royal Bank of Canada decreased their price objective on shares of Surgery Partners from $49.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Surgery Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. UBS Group assumed coverage on Surgery Partners in a research report on Monday, October 14th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $43.00 price target on shares of Surgery Partners in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.71.

Surgery Partners Stock Down 0.1 %

Surgery Partners stock opened at $23.81 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 0.99. Surgery Partners, Inc. has a 12-month low of $21.36 and a 12-month high of $36.92. The stock has a 50-day simple moving average of $28.81 and a 200 day simple moving average of $28.23.

Surgery Partners (NASDAQ:SGRY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). Surgery Partners had a positive return on equity of 2.85% and a negative net margin of 2.03%. The business had revenue of $770.40 million for the quarter, compared to the consensus estimate of $768.99 million. During the same period in the prior year, the business earned $0.15 earnings per share. Surgery Partners’s revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that Surgery Partners, Inc. will post 0.73 earnings per share for the current fiscal year.

Surgery Partners Company Profile

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.